Blogs

<p>The American Chamber of Commerce in China (“AmCham China”) released a coronavirus impact survey, taken between March 14 and 18 on 199 US businesses in China. 57% of respondents expect 2020 revenues to decrease if business cannot return to normal before April 30. 60% expect revenue to drop anyway between 10% and 50% or more [&he

<p>In the summary of opinions of BoJ’s March 16 meeting, it’s noted that “global financial and capital markets have been unstable” and “Japan’s economic activity has been week” due to growing uncertainties over coronavirus pandemic. “Downward pressure on Japan’s economy has been increasing

<p>Asian markets generally strengthen today and are given another lift after US politicians finally agreed to a USD 2T coronavirus stimulus deal. Australian Dollar leads other commodity currencies higher. On the other hand, Yen weakens broadly, followed by Yen and then Dollar. Some important economic data will be released today including Germ

<p>General Trend: Japanese REIT, Marine Transportation, Iron & Steel, Securities and Insurance indices are all moving higher by over 5% Automakers in Japan track the earlier strength seen in the US auto sector Nikkei-weighed Softbank rises by over 6%, adds to the gains seen on Monday and Tuesday’s sessions Shanghai Composite Consumer Dis

<p>Short Term Elliott Wave view in S&#38;P 500 (SPX) suggests that cycle from February 20, 2020 high has ended at 2199.5 low as wave a. Internal of wave a unfolded as a 5 waves impulse Elliott Wave structure. Down from February 20 high, wave ((1)) ended at 2855.84 and wave ((2)) bounce ended at 3136.72. […]

<p>Asia is surging following a blockbuster session on Wall Street that was strictly based on stimulus hopes. Traders are fully expecting that Congress will finalize a stimulus package very soon. Traders will need to choose their mantra: Don’t fight the Fed and Congress or Don’t underestimate the coronavirus. It seems traders chose

<p>Canada’s economy faces hit from COVID-19 and oil price plunge In early March we released a forecast that looked for Canada’s economy to suffer a short, sharp decline in activity. The spread of COVID-19, the imposition of social-distancing measures and plunge in oil prices means we have reassessed the depth and duration of the downtur

<p>Today, we got the flash PMI index from the US, which, just like the European and Japanese ones, indicates a sharp fall in GDP in March. The drop in PMI was not as big as in Europe, probably because the coronavirus crisis and the response to it are lagging what is happening in Europe. The […]

<p>Executive Summary Today&#8217;s release of the Eurozone manufacturing and services PMIs in our view provides the clearest indication yet of the economic damage the Eurozone economy could suffer from the COVID-19 virus. The March services PMI slumped to a record low, while the manufacturing PMI also fell sharply. While the prospective e

<p>The COVID-19 shock to the Australian economy will trigger a deep recession and a sharp spike in the unemployment rate, jumping to 11% by mid-2020. The unfolding economic recession is shaping up to be more severe than the GFC. The Federal budget position will deteriorate sharply over this year and next. We anticipate a deterioration [&helli